Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h —

Price spread now: Reya against Aevo−0.006%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	144.53	0.0096	pay 0.0012% / 1h	27m 21s	$122K	$146	10x
Short	Reya AAVERUSDPERP	144.52	0.0044	get 0.0006% / 1h	27m 21s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee ReyabpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.89
Price spread: −0.006% → 0.000%: −$0.6
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: −$33.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 41 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 41 min ago	29.39 bp	43.5 bp −$43	247.1 bp −$2,471	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 41 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	−0.0056%	1h	144.55	+0.014%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.59	+0.039%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.51	−0.012%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.46	−0.049%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.51	−0.014%	$250K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	+0.008%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.55	+0.014%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.238%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	144.52	−0.006%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.46	−0.049%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0055%	8h	144.60	+0.048%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0056%	8h	144.49	−0.028%	$65.2M	$184.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	144.50	−0.021%	$17.4M	$65.4M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.59	+0.041%	$189K	$224K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.67	+0.096%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERPlong	+0.0096%	1h	144.53	long leg	$122K	$146	10x
Gate AAVE_USDT	+0.0098%	8h	144.57	+0.028%	$7.8M	$15.2M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.52	−0.009%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.53	−0.004%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.68	+0.104%	$78.4M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.57	+0.029%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.57	+0.030%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	−0.035%	$61.8M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	+0.028%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.715%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	+0.041%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.49	−0.028%	$30.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.52	−0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.71	+0.124%	$323K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.268%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.102%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.43	−0.067%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.39	−0.097%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	+0.041%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.45	−0.058%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.45	−0.055%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.61	+0.056%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.48	−0.035%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.40	−0.088%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0239% / S −0.0366%	1h	144.55	+0.014%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	+0.021%	$775K	$2.8M	50x	as long as short